jain.com
The Analysis · Companies · People · Methodology

Coinbase credit facility expansion

Company: CleanSpark

Subject kind
financing
Statement date
2025-09-22
Promised amount
300.0 USD
Current status
stated

The claim, verbatim

CleanSpark increased aggregate lending capacity under the Coinbase Master Loan Agreement to $300 million through a side letter executed on September 18, 2025

Source (primary)

CleanSpark 8-K filed 2025-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “increased to an aggregate lending capacity of $300 million, enabling the Company to draw funds secured by Bitcoin to be deployed into strategic capital expenditures”

How we checked this

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000119312525213437/clsk-20250918.htm) in full (7,366 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms CleanSpark 8-K filed 2025-09-23

Quote: “increased to an aggregate lending capacity of $300 million, enabling the Company to draw funds secured by Bitcoin to be deployed into strategic capital expenditures”

View cached copy (2026-08-31)Live source ↗